Registered Representative Salary

An average Registered Representative in the United States can expect to take home roughly $41K annually. Job satisfaction is reported as high by the vast majority of workers. A strong majority report receiving medical coverage from their employers and the greater part collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 52 percent. The numbers in this rundown were provided by PayScale's salary survey participants.

$32,023 - $70,337

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$12.48 - $21.66

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Salary
$32,023 - $70,337  
   
Bonus
$968 - $10,000  
Commission
$-0.50 - $297,988  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,137 - $68,010  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 99
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$12.48 - $21.66  
   
Overtime
$20.35 - $30.65  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$968 - $10,000  
   
Commission
$-0.50 - $297,988  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,137 - $68,010  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 24
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Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Pay by Experience Level for Registered Representative

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Registered Representatives, experience and pay levels seem to be correlated; more years in the business generally lead to more money. The average inexperienced worker's salary is approximately $41K, and people with five to 10 years of experience bring in more at around $50K on average. After working for 10 to 20 years, Registered Representatives make a median salary of $56K. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $72K.

United States (change)

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Experience Affects Registered Representative Salaries

Late-Career
up arrow 62%

Experienced
up arrow 26%

Mid-Career
up arrow 13%

National Average
$44,000

Entry-Level
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
52 %
Male
48 %

Years of Experience

Less than 1 year
4%
1-4 years
55%
5-9 years
21%
10-19 years
12%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 78% dental benefits Dental: 67%
vision benefits Vision: 58% employee benefits None: 18%
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